Tuesday, 18 July 2017

EPIC RESEARCH MCX COPPER UPDATE OF 18 JULY 2017

Copper trading range for the day is 382.9-393.7. Copper prices rallied after data showed China's second quarter GDP data grew at 6.9% and global deficit of copper will deepen this year. China's economy expanded at a faster-than-expected 6.9% clip in the second quarter, setting the country on course to comfortably meet its 2017 growth.Workers at Antofagasta's Zaldivar mine in Chile voted to strike while Peruvian miners plan to begin an indefinite nationwide strike on July 19.